2605, 2021

Revenue Ruling 99-5 and Section 1031: Bob and Jon’s Excellent Adventure—Part I

May 26th, 2021|Categories: Tax Articles|

Jon was the sole member of Apartment LLC, a disregarded entity for tax purposes. Apartment LLC owned a small apartment building as its only asset. Things were going well with that apartment building.

Bob had some extra cash from golf winnings and was looking for a real estate investment. He saw Continue Reading

April 2021

Monthly Tax Law Tip

The filing date for federal and California tax returns has been moved forward from April 15 to May 17, but this is only for individuals.  Trusts and estates, and corporations, still have an April 15 filing date, and estimated payments for individuals are still due on April 15.

1703, 2021

Section 1061’s Application to Real Estate Carried Interests (or Not)

March 17th, 2021|Categories: Tax Articles|

Persons interested in investing in real estate may not have the capital to purchase or develop real estate. Ordinarily those persons will seek out investors to provide the capital, while retaining a profits interest in the venture (a “promote” in the real estate world) in exchange for managing and facilitating Continue Reading